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Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2020
Commitments And Contingencies Disclosure [Abstract]  
Schedule of Operating Lease Cost and Sub Lease Income

The following table summarizes operating lease costs as well as sublease income for the nine months ended September 30, 2020:

 

Nine months ended September 30, 2020

 

Amount

(in thousands)

 

Operating lease costs

 

$

1,869

 

Sublease income

 

 

(685

)

Net lease cost

 

$

1,184

 

Schedule of Operating Lease Liabilities and Minimum Lease Payments

The maturities of our operating lease liabilities and minimum lease payments as of September 30, 2020 were as follows:

 

For the Years Ending December 31,

 

Amount

(in thousands)

 

2020

 

$

969

 

2021

 

 

3,834

 

2022

 

 

2,987

 

2023

 

 

3,077

 

2024

 

 

3,169

 

Thereafter

 

 

7,197

 

Total undiscounted lease payments

 

$

21,233

 

Less: imputed interest

 

 

(5,196

)

Present value of operating lease liabilities

 

$

16,037

 

Schedule of Lease Term and Discount Rate

The following table summarizes the lease term and discount rate as of September 30, 2020:

 

 

 

As of September 30, 2020

 

Weighted-average remaining lease term (years)

 

 

 

 

Operating leases

 

 

6.0

 

Weighted-average discount rate

 

 

 

 

Operating leases

 

 

9.9

%

Schedule of Operating Lease Liabilities

 

The following table summarizes cash paid for amounts included in the measurement of the Company’s operating lease liabilities for the nine months ended September 30, 2020.

 

 

 

Nine months ended September 30, 2020

 

 

 

(in thousands)

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

Operating cash flows from operating leases

 

$

2,838